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Water firms blocked from using customer cash for 'undeserved' £6.8m boss bonuses

By Yahoo! Finance   |   Nov 21, 2024 at 10:38 AM EST
Water firms blocked from using customer cash for 'undeserved' £6.8m boss bonuses

Nine water companies, including Thames Water, were banned from using customer money to pay undeserved bonuses totaling £6.8m for top bosses. Ofwat intervened to ensure bonuses are linked to performance and paid by shareholders, not customers. Companies need to rebuild public trust.

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